Fabio
118 lines
8.5 KiB
Markdown
118 lines
8.5 KiB
Markdown
---
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type: "Bill"
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title: "Virginia Investment Performance Grant; economic development incentive grants."
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description: "Virginia investment performance grants; Virginia economic development incentive grants. Requires, for any Virginia investment performance grant award determination that includes a job creation requirement, an eligible manufacturer or research and development service to pay an average wage, excluding fringe benefits, that is no less than the prevailing average wage for such new jobs. Under the bill, beginning July 1, 2024, (i) the aggregate amount of Virginia investment performance grants payable to all grant recipients in any fiscal year shall not exceed $7 million and (ii) grants shall be payable in amounts up to $5 million per eligible manufacturer or research and development service in five equal, annual installments of up to $1 million, beginning in the first year after verification of capital investment and pledged employment. The bill also provides that eligible companies shall be eligible to receive Virginia economic development incentive grants in the first year after verification that requirements applicable to such grant are satisfied. The bill contains an enactment clause clarifying that no existing agreement entered into prior to the effective date of the bill shall be impacted by the bill."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "HB 1457"
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citation: "Virginia HB 1457 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Betsy B. Carr"]
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version_count: 6
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action_count: 47
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vote_count: 10
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first_action: "2024-01-18"
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last_action: "2024-04-05"
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source: "openstates"
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source_identifier: "ocd-bill/ef8ae955-7e0f-4ce9-93aa-fab5018fb13e"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+HB1457"
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source_hash: "406953f74a1c187bdb2071a8a30682e8581426978400ae9cc42874fc12167c7f"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 1457 (2024) — Virginia Investment Performance Grant; economic development incentive grants.
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Virginia investment performance grants; Virginia economic development incentive grants. Requires, for any Virginia investment performance grant award determination that includes a job creation requirement, an eligible manufacturer or research and development service to pay an average wage, excluding fringe benefits, that is no less than the prevailing average wage for such new jobs. Under the bill, beginning July 1, 2024, (i) the aggregate amount of Virginia investment performance grants payable to all grant recipients in any fiscal year shall not exceed $7 million and (ii) grants shall be payable in amounts up to $5 million per eligible manufacturer or research and development service in five equal, annual installments of up to $1 million, beginning in the first year after verification of capital investment and pledged employment. The bill also provides that eligible companies shall be eligible to receive Virginia economic development incentive grants in the first year after verification that requirements applicable to such grant are satisfied. The bill contains an enactment clause clarifying that no existing agreement entered into prior to the effective date of the bill shall be impacted by the bill.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0563** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0563)
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2. **Committee substitute printed 24106516D-H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1457H1)
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3. **Committee substitute printed 24108455D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1457S1)
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4. **Conference substitute printed 24109091D-H2** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1457H2)
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5. **HB1457ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1457ER)
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6. **Presented and ordered printed 24105328D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+HB1457)
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## Votes
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- VOTE: Adoption (93-Y 6-N) — **92–6** (pass) · lower
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- Conference report agreed to by Senate (40-Y 0-N) — **40–0** (pass) · upper
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- VOTE: REJECTED (1-Y 96-N) — **1–95** (fail) · lower
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- Senate insisted on substitute (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Finance and Appropriations with substitute (14-Y 0-N) — **14–0** (pass) · upper
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- VOTE: Block Vote Passage (98-Y 0-N) — **97–0** (pass) · lower
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- Passed Senate with substitute (40-Y 0-N) — **40–0** (pass) · upper
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- Subcommittee recommends reporting with substitute (8-Y 0-N) — **8–0** (pass) · lower
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- Reported from Appropriations with substitute (22-Y 0-N) — **22–0** (pass) · lower
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- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
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## Sponsors
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- Betsy B. Carr — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-18** Presented and ordered printed 24105328D `introduction`
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- **2024-01-18** Referred to Committee on Appropriations `referral-committee`
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- **2024-01-23** Assigned App. sub: Commerce Agriculture & Natural Resources `referral-committee`
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- **2024-01-31** Subcommittee recommends reporting with substitute (8-Y 0-N) `substitution`
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- **2024-02-02** Reported from Appropriations with substitute (22-Y 0-N) `committee-passage`
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- **2024-02-02** Committee substitute printed 24106516D-H1 `substitution`
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- **2024-02-06** Read first time `reading-1`
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- **2024-02-07** Read second time `reading-2`
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- **2024-02-07** Committee substitute agreed to 24106516D-H1 `substitution`
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- **2024-02-07** Engrossed by House - committee substitute HB1457H1 `substitution`
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- **2024-02-08** Read third time and passed House BLOCK VOTE (98-Y 0-N) `passage, reading-3`
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- **2024-02-08** VOTE: Block Vote Passage (98-Y 0-N) `passage`
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- **2024-02-08** Impact statement from DPB (HB1457H1)
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- **2024-02-09** Constitutional reading dispensed
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- **2024-02-09** Referred to Committee on Finance and Appropriations `referral-committee`
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- **2024-02-28** Reported from Finance and Appropriations with substitute (14-Y 0-N) `committee-passage`
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- **2024-02-28** Committee substitute printed 24108455D-S1 `substitution`
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- **2024-02-29** Constitutional reading dispensed (39-Y 0-N)
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- **2024-03-01** Impact statement from DPB (HB1457S1)
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- **2024-03-01** Read third time `reading-3`
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- **2024-03-01** Reading of substitute waived
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- **2024-03-01** Committee substitute agreed to 24108455D-S1 `substitution`
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- **2024-03-01** Engrossed by Senate - committee substitute HB1457S1 `substitution`
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- **2024-03-01** Passed Senate with substitute (40-Y 0-N) `passage`
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- **2024-03-04** Senate substitute rejected by House 24108455D-S1 (1-Y 96-N)
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- **2024-03-04** VOTE: REJECTED (1-Y 96-N)
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- **2024-03-05** Senate insisted on substitute (40-Y 0-N) `substitution`
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- **2024-03-05** Senate requested conference committee `referral-committee`
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- **2024-03-06** House acceded to request
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- **2024-03-06** Conferees appointed by House
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- **2024-03-06** Delegates: Carr, Sewell, Austin
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- **2024-03-07** Conferees appointed by Senate
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- **2024-03-07** Senators: Carroll Foy, Boysko, Stuart
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- **2024-03-08** Amended by conference committee
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- **2024-03-08** Conference substitute printed 24109091D-H2
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- **2024-03-08** Conference report agreed to by House (93-Y 6-N) `committee-passage-favorable`
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- **2024-03-08** VOTE: Adoption (93-Y 6-N)
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- **2024-03-08** Conference report agreed to by Senate (40-Y 0-N) `committee-passage-favorable`
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- **2024-03-25** Enrolled `enrolled`
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- **2024-03-25** Bill text as passed House and Senate (HB1457ER) `passage`
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- **2024-03-25** Signed by President `passage`
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- **2024-03-26** Signed by Speaker `passage`
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- **2024-03-27** Impact statement from DPB (HB1457ER)
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- **2024-03-27** Enrolled Bill communicated to Governor on March 27, 2024 `enrolled, executive-receipt`
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- **2024-03-27** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-05** Approved by Governor-Chapter 563 (effective 7/1/24 - see bill) `executive-signature`
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- **2024-04-05** Acts of Assembly Chapter text (CHAP0563)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ef8ae955-7e0f-4ce9-93aa-fab5018fb13e`. Confidence: reported (aggregated from official Virginia legislature records).
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